FLC Group expects over 660 million USD in consolidated revenue this year
The FLC Group Joint Stock Company hopes to record more than 15.25 trillion VND (661.44 million USD) in consolidated revenue this year, the shareholders’ meeting held in Hanoi on April 12 heard.
FLC targets increasing Bamboo Airways’ fleet to at least 40 aircraft this year. (Photo: VNA)
Hanoi(VNA) - The FLC Group Joint Stock Company hopes to record more than 15.25trillion VND (661.44 million USD) in consolidated revenue this year, the shareholders’meeting held in Hanoi on April 12 heard.
The figure isprojected to hit about 30 trillion VND if revenue from its carrierBamboo Airways is included. FLC is set to earn 1.1 trillion VND in pre-tax profit andnearly 900 billion VND in after-tax profit, triple the figure of last year.
FLC Chairman TrinhVan Quyet said that bright spots in the macro-economy and the capacity to keepCOVID-19 under control will create optimal conditions for FLC’s plans in itscore sectors.
In addition to urbanprojects in Hanoi, Quang Ninh, Gia Lai, Kon Tum, and Dong Thap, and upcoming resort projectsin Ha Giang and Phu Quoc, the company will also develop androll out nearly 20 real estate projects.
Quyet added thatthe service sector will be further promoted to facilitate tourism recovery. Of note,FLC targets increasing Bamboo Airways’ fleet to at least 40 aircraft this yearand expand its routes to 80, accounting for about 30 percent of the domestic aviationmarket share.
With nearly 5trillion VND obtained from additional stocks, the firm is mulling investment ineight property projects and increasing its working capital.
FLC recorded 13.5trillion VND in consolidated revenue last year, pre-tax profit of over 421 billionVND, and after-tax profit of nearly 308 billion VND./.
Bamboo Airways has announced the addition of 3.5 trillion VND to its charter capital, bringing the total amount to 10.5 trillion VND (457.3 million USD).
FLC Group Joint Stock Company expects to achieve more than 1.1 trillion VND (47.71 million USD) in pre-tax profit, and over 15 trillion VND in consolidated revenue this year, the group has said.
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FLC targets increasing Bamboo Airways’ fleet to at least 40 aircraft this year. (Photo: VNA) 
